2 Followers USX:UMGNF - Universal Music Group NV Universal Music Group N.V.
Sector: Communication Services, Industry: Movies & Entertainment
Next Earnings: 23 Oct 2024
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USD 25.965    -0.374 (-1.42%)

19 Sep 2024


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General

Established: 2020

Country: NLD

City: Hilversum

Employees: 10290

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Description

Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm’s revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal’s remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal’s recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal’s publishing group has nearly 4.5 million owned or administered titles in its catalog.

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